Harare Set to Sign $2.9 Billions Water Deal
Published on by Water Network Research, Official research team of The Water Network in Business
HARARE City Council Joint Hands with Singaporean Company for the Rehabilitation of 3 Dams to Solve Water Challenges
HARARE City Council is set to sign a $2.9 billion deal with a Singaporean company for the rehabilitation of Musami, Kunzvi and Muda dams in a bid to ease the water challenges facing the city.
The deal is still subject to cabinet approval.
Deputy Mayor Thomas Muzuva told a full council meeting last Thursday that Harare would get 30 percent of the profits from the project over the next 30 years while the company, Neoparagon, would get the 70 percent balance.
"Harare Water will be receiving $2.9 billion funding from Singapore firm, Neoparagon, and this resolution to make Harare Water a utility was made during a caretaker council meeting last year and there was need to revisit the project agreement," Muzuva said.
The caretaker council was appointed by Minister Ignatius Chombo to preside over the affairs of the city just before last year's elections.
Currently the city is producing about 470 megalitres of water daily against a demand of 900 megalitres from the capital's 2.5 million inhabitants.
Speaking at the same meeting, acting town clerk, Josephine Ncube, said they have already resolved to appoint directors for the project with a progress report to be submitted to the relevant committee.
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